11400 Garvey AveEl Monte, CA 91732

Property Details for 11400 Garvey Ave

Year built

1997

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

13,600 SF

Zone code

EMC3*

Property type

Retail properties

Property subtype

Other automotive properties

APN

8105-005-015

APU

8105005015

Description

This exceptional investment opportunity presents a single-tenant, net-leased auto shop in El Monte, California. The property, located at 11400 Garvey Ave, boasts 1,170 square feet on a 0.51-acre lot and is currently 100% occupied by an established car dealership under a three-year NNN lease. The asking price is $3,240,000, representing a 5.00% cap rate with a current NOI of $162,000. The building, constructed in 1997, sits on a hard corner lot at the intersection of Garvey Ave and Dee Ave, benefiting from high visibility and traffic counts exceeding 45,161 vehicles daily. The property's M/Mu zoning allows for potential future redevelopment into a residential project upon lease expiration. The lease includes annual rent increases of 3%, ensuring a growing income stream. The property's location within the densely populated San Gabriel Valley offers strong demographics, with over 197,943 residents within a three-mile radius and an average household income exceeding $97,936. This presents a compelling opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The NNN lease structure ensures minimal owner responsibilities, making this an ideal 1031 exchange candidate. The property's location and zoning create high barriers to entry for future competition.

• CAP approach

  CAP return

  Valuation

  6%

  $6,019,152

  6.5%

  $5,556,140

  7%

  $5,159,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,399,463

  Geo Method

  $6,517,164

• Alternative Use

  Use

  Valuation

  Residential

  $4,686,812

  Hospitality

  $4,293,094

  Educational

  $3,571,804

  Medical

  $3,694,644

  Retail

  $5,556,140

Location Insight

City

El Monte

County

Los Angeles

State

California

Latitude

34.0624

Longitude

-118.029

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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